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Panhandle Executes Western Oklahoma Lease Agreement
April 13, 2012
Panhandle Oil and Gas Inc. reported that is has leased partial rights to 2,846 of its net mineral acres located in Roger Mills County, Okla., to a large independent exploration and production company for $4,981,000. Panhandle also retained a 3/16th non-cost bearing royalty interest in all production from wells drilled on these leased rights. The rights ...
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